Do Judo Capital Holdings' (ASX:JDO) Earnings Warrant Your Attention?
Jul 02
Australian (ASX) Banks Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies17
- 7D-0.8%
- 3M12.4%
- 1Y24.0%
- YTD18.0%
The Banks industry has stayed flat over the last week. The past year has been better, since the industry has gained 24% in that time. Looking forward, earnings are forecast to grow by 2.4% annually.
Industry Valuation and Performance
Has the Australian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | AU$538.9b | AU$91.7b | AU$31.6b | 11.1x | 17x | 5.9x |
| Sun, 23 Jun 2024 | AU$522.3b | AU$91.6b | AU$31.8b | 10.4x | 16.4x | 5.7x |
| Tue, 21 May 2024 | AU$504.6b | AU$91.6b | AU$31.8b | 11x | 15.9x | 5.5x |
| Thu, 18 Apr 2024 | AU$478.8b | AU$92.5b | AU$32.9b | 10.9x | 14.6x | 5.2x |
| Sat, 16 Mar 2024 | AU$489.9b | AU$92.5b | AU$32.7b | 10.7x | 15x | 5.3x |
| Mon, 12 Feb 2024 | AU$477.8b | AU$92.8b | AU$33.2b | 10.4x | 14.4x | 5.1x |
| Wed, 10 Jan 2024 | AU$458.0b | AU$92.8b | AU$33.2b | 8.2x | 13.8x | 4.9x |
| Fri, 08 Dec 2023 | AU$432.4b | AU$92.8b | AU$33.2b | 8x | 13x | 4.7x |
| Sun, 05 Nov 2023 | AU$423.1b | AU$90.9b | AU$32.5b | 7.9x | 13x | 4.7x |
| Tue, 03 Oct 2023 | AU$421.3b | AU$91.0b | AU$32.6b | 8x | 12.9x | 4.6x |
| Thu, 31 Aug 2023 | AU$425.8b | AU$91.0b | AU$32.6b | 8.3x | 13.1x | 4.7x |
| Sat, 29 Jul 2023 | AU$435.0b | AU$91.0b | AU$32.4b | 8.4x | 13.4x | 4.8x |
| Mon, 26 Jun 2023 | AU$399.6b | AU$91.0b | AU$32.4b | 8.3x | 12.3x | 4.4x |
| Wed, 24 May 2023 | AU$410.3b | AU$91.0b | AU$32.4b | 8.1x | 12.7x | 4.5x |
| Fri, 21 Apr 2023 | AU$427.3b | AU$89.2b | AU$31.5b | 9.6x | 13.6x | 4.8x |
| Sun, 19 Mar 2023 | AU$407.8b | AU$89.2b | AU$31.5b | 9.5x | 13x | 4.6x |
| Tue, 14 Feb 2023 | AU$457.2b | AU$87.6b | AU$30.9b | 10.9x | 14.8x | 5.2x |
| Thu, 12 Jan 2023 | AU$437.1b | AU$87.6b | AU$30.9b | 10.4x | 14.1x | 5x |
| Sat, 10 Dec 2022 | AU$438.4b | AU$87.6b | AU$30.9b | 10.6x | 14.2x | 5x |
| Mon, 07 Nov 2022 | AU$449.6b | AU$88.4b | AU$30.3b | 11.1x | 14.8x | 5.1x |
| Wed, 05 Oct 2022 | AU$413.9b | AU$87.7b | AU$29.9b | 11.1x | 13.8x | 4.7x |
| Fri, 02 Sep 2022 | AU$414.0b | AU$87.6b | AU$30.0b | 11.1x | 13.8x | 4.7x |
| Sun, 31 Jul 2022 | AU$425.7b | AU$87.2b | AU$30.2b | 12.5x | 14.1x | 4.9x |
| Tue, 28 Jun 2022 | AU$394.7b | AU$87.2b | AU$30.2b | 12.1x | 13.1x | 4.5x |
| Thu, 26 May 2022 | AU$448.8b | AU$87.2b | AU$30.2b | 12.6x | 14.9x | 5.1x |
| Sat, 23 Apr 2022 | AU$463.8b | AU$86.4b | AU$29.4b | 13.9x | 15.8x | 5.4x |
| Mon, 21 Mar 2022 | AU$457.3b | AU$86.1b | AU$29.3b | 14.7x | 15.6x | 5.3x |
| Wed, 16 Feb 2022 | AU$442.0b | AU$85.9b | AU$29.2b | 11.6x | 15.1x | 5.1x |
| Fri, 14 Jan 2022 | AU$445.0b | AU$84.7b | AU$28.2b | 11.4x | 15.8x | 5.3x |
| Sun, 12 Dec 2021 | AU$429.3b | AU$84.7b | AU$28.2b | 11x | 15.2x | 5.1x |
| Tue, 09 Nov 2021 | AU$461.9b | AU$83.1b | AU$26.9b | 11.4x | 17.2x | 5.6x |
| Thu, 07 Oct 2021 | AU$451.9b | AU$79.3b | AU$24.6b | 10.3x | 18.4x | 5.7x |
| Sat, 04 Sep 2021 | AU$463.2b | AU$79.3b | AU$24.6b | 12.2x | 18.8x | 5.8x |
| Mon, 02 Aug 2021 | AU$454.0b | AU$79.3b | AU$24.6b | 12.4x | 18.5x | 5.7x |
Price to Earnings Ratio
18.5x
Current Industry PE
- Investors are optimistic on the Australian Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.0x which is higher than its 3-year average PE of 14.6x.
- The 3-year average PS ratio of 5.0x is lower than the industry's current PS ratio of 5.9x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 8.8% per year over the last three years.
- Revenues for these companies have grown 5.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Financials industry?
| AU Market | -2.20% | |
| Financials | -0.89% | |
| Banks | -0.77% | |
| Regional Banks | 0.69% | |
| Diversified Banks | -0.80% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 14.7x.
- Analysts are expecting annual earnings growth of 2.3%, which is higher than its past year's earnings decline of 3.9% per year.
- Investors are most pessimistic about the Regional Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.4x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 6.3% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 2.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CBA Commonwealth Bank of Australia | AU$133.14 | 1.1% +AU$2.5b | 26.2% | PB3.1x | |
| WBC Westpac Banking | AU$28.59 | 1.3% +AU$1.2b | 28.3% | PB1.4x | |
| BEN Bendigo and Adelaide Bank | AU$12.37 | 2.9% +AU$198.2m | 32.6% | PB1x | |
| JDO Judo Capital Holdings | AU$1.37 | 1.9% +AU$27.7m | 2.6% | PB1x | |
| BFL BSP Financial Group | AU$6.58 | 0.8% +AU$23.4m | 26.5% | PB1.8x |
